United States Cross Border Road Freight Transport Market Report and Forecast 2024-2032

United States Cross Border Road Freight Transport Market Outlook

The United States cross border road freight transport market size was approximately USD 1.12 billion in 2023. The market is assessed to grow at a CAGR of 3.4% between 2024 and 2032, reaching a value of around USD 1.52 billion by 2032.

Key Trends in the Market

Cross border road freight transport involves activities and infrastructure that facilitate the movement of goods across international borders. This transportation method is preferred for the movement of goods due to its cost and time-effective nature.

In 2021, the United States was the largest importer of goods in the world, with China, Mexico, Japan, and Canada being its biggest trade partners.

• One of the significant trends aiding the United States cross border road freight transport market growth is the exponential growth of the e-commerce sector, coupled with an increase in international trade. In early 2023, Mexico became the top trading partner of the United States, with bilateral trade totalling $263 billion in the first four months of the year.

• The US government is promoting e-trucks and encouraging the adoption of alternative fuels amid growing environmental concerns. Additionally, with the rising prices of conventional fuels like petrol and diesel, key players are switching to electric vehicles from traditional ones for cross border road freight to reduce their operating costs.

• The United States cross border road freight transport market expansion is being fuelled by increasing attempts by logistics companies to streamline cross-border trade through innovative solutions. In November 2023, cargo-partner, a top global provider of logistics services, announced the launch of a road transport solution to facilitate smooth operations across the United States, Canada, and Mexico.

• The increasing investments by governments in the expansion of bridges and roads amid rising road congestion are aiding the United States cross border road freight transport market demand. For instance, in November 2023, the US General Services Administration launched a project to expand a bridge and reduce traffic congestion for over 450,000 commercial trucks crossing the US-Mexico border annually.

United States Cross Border Road Freight Transport Market Segmentation

Based on the service, the market is segmented into cross-border freight transport, international transportation management and freight forwarding, and international warehousing and logistics. On the basis of type, the market can be divided into less than truckload (LTL) and full truckload (FTL). Based on platform, the market is divided into crowd shipping platform, digital freight exchange, specialised and generic marketplaces, and tender platform.

Based on end use, the market is divided into automotive, oil and gas, chemicals, agriculture, fishing, and forestry, manufacturing, retail, and healthcare and pharmaceutical, among others. The major regional markets for cross border road freight transport in the United States are New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the United States cross border road freight transport market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.

• United Parcel Service, Inc.  

• Schenker AG 

• C.H. Robinson Worldwide, Inc.

• J B Hunt Transport Services Inc. 

• FedEx Corp. 

• XPO Inc. 

• Landstar System, Inc. 

• Yellow Corp. 

• Knight-Swift Transportation Holdings, Inc. 

• Polaris Transportation Group 

• WeFreight

• Others

Market Share by Type

As per the United States cross border road freight transport market analysis, the demand for less than truckload (LTL) is significantly increasing amid the robust growth of the e-commerce sector in the country. Such shipments are more cost-effective than full truckload (FTL) and are ideal for small deliveries. The flexibility and scalability of LTL, coupled with an increasing focus on developing a sustainable supply chain, are further fuelling the segment’s growth.

Besides, the expansion of LTL capacities and networks by key players amid the growing focus on enhancing freight flows is aiding the segment’s expansion. For instance, in January 2022, XPO Logistics, Inc. announced the opening of its two LTL terminals in Wisconsin and Arkansas, new fleet management shops at Florida, Ohio, Nevada, and New York terminals, as well as equipment upgrades in Arkansas to drive growth in the North America market.

Market Share by End Use

The pharmaceutical sector represents a significant portion of the United States cross border road freight transport market share. Pharmaceuticals are the third largest category of goods exported by the United States. In 2022, the United States exported approximately $80.1 billion worth of pharmaceuticals, while importing more than twice that value.

Additionally, almost 57% of pharmaceuticals in the US are imported from India, China, and Mexico. Hence, there is an increasing demand for road freight logistics for time-sensitive medical shipments in the United States.

The movement of healthcare and pharmaceutical goods is crucial and highly complex and requires temperature-controlled road transportation solutions. Moreover, medical equipment, including products ranging from drugs to MRI machines, are bulky, fragile, and need special measures such as temperature control.

Competitive Landscape

C.H. Robinson Worldwide, Inc. was founded in 1905 and is headquartered in Minnesota, United States. It is a transportation company that provides third-party logistics services, including freight transportation, transportation management, brokerage, and warehousing.

United Parcel Service, Inc. was established in 1907 and is headquartered in Georgia, the USA. It is a US-based logistics and supply chain management company in over 200 countries and regions.

Schenker AG, founded in 1872, is a German logistics company and a subsidiary of Deutsche Bahn (the German railway company). Through its innovative solutions, the company aims to revolutionise the transportation and logistics sector.

Other United States cross border road freight transport market players include J B Hunt Transport Services Inc., FedEx Corp., XPO Inc., Landstar System, Inc., Yellow Corp., Knight-Swift Transportation Holdings, Inc., Polaris Transportation Group, and WeFreight, among others.

Key Highlights of the Report